Camping World (NYSE:CWH) Shares Down 8.6% – Time to Sell?

Shares of Camping World (NYSE:CWH) dropped 8.6% during trading on Monday . The company traded as low as $6.86 and last traded at $6.8450. Approximately 1,140,251 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 3,205,749 shares. The stock had previously closed at $7.49.

Analysts Set New Price Targets

CWH has been the subject of a number of research reports. Monness Crespi & Hardt reduced their price objective on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Truist Financial cut their target price on Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Roth Mkm reiterated a “buy” rating and issued a $16.00 price target (down from $18.00) on shares of Camping World in a research report on Thursday, February 26th. Raymond James Financial set a $10.00 price target on Camping World in a research report on Friday, May 1st. Finally, BMO Capital Markets lowered their price target on Camping World from $22.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.22.

Camping World Stock Down 10.2%

The business has a 50-day simple moving average of $7.11 and a two-hundred day simple moving average of $10.25. The stock has a market capitalization of $692.59 million, a P/E ratio of -4.51 and a beta of 2.11. The company has a quick ratio of 0.23, a current ratio of 1.17 and a debt-to-equity ratio of 4.30.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. Camping World had a negative return on equity of 4.06% and a negative net margin of 1.49%.The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the business posted ($0.16) earnings per share. The business’s revenue was down 4.2% compared to the same quarter last year. Equities research analysts forecast that Camping World will post 0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camping World

A number of hedge funds and other institutional investors have recently bought and sold shares of CWH. AQR Capital Management LLC acquired a new stake in Camping World during the 1st quarter valued at $1,787,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Camping World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock valued at $539,000 after purchasing an additional 1,401 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Camping World by 66.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company’s stock valued at $14,372,000 after purchasing an additional 354,333 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Camping World by 17.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company’s stock valued at $1,927,000 after purchasing an additional 17,665 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Camping World by 371.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 278,701 shares of the company’s stock valued at $4,791,000 after purchasing an additional 219,568 shares in the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

Camping World Company Profile

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.